Monitoring the Crypto Bubble

Discussion in 'Digital Currencies' started by Bullion Baron, Dec 12, 2017.

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Where do you think we are in the crypto bubble?

  1. Very early (years left to run)

    21.1%
  2. Around the middle (could still run for months or a year)

    38.0%
  3. Very late (could end within days/weeks)

    23.9%
  4. It's not a bubble

    16.9%
  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Compounded by bots automatically selling when stop-losses are hit too.
     
  2. dozerz

    dozerz Well-Known Member Silver Stacker

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  3. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    Yeah I'm not worried as I'm someone who's in for the long haul, but it would have been nice to be able to either save some fiat or get more units by doing it this morning instead of last night haha

    First time I've added in ages too - was about 3 hours too early on the buy :(
     
    Ipv6Ready and mmm....shiney! like this.
  4. inmizu

    inmizu Active Member

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    'How good is my timing - I bought last night'

    Stick it in a paper wallet, and wait.
     
  5. alor

    alor Well-Known Member Silver Stacker

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  6. leo25

    leo25 Well-Known Member Silver Stacker

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    https://www.coindesk.com/after-fridays-sec-actions-experts-say-ico-party-is-truly-over
     
  7. leo25

    leo25 Well-Known Member Silver Stacker

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    the crypto downturn also hit the Nvidia bubble. Stock is down about 43%
     
  8. Gullintanni

    Gullintanni Well-Known Member

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    WHen did XRP overtake ETH on marketcap?
    I do not look every day anymore and today i had a look and there it is #1 Bitcoin #2 XRP #3 Eth.
    Crazy stuff.
     
  9. Ag

    Ag Well-Known Member Silver Stacker

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    Some really good points raise all round again. TreasureHunters extensive list would take pages with Shinny's replies the same. Still, they all are good points raised

    In defence, the argument for a store of value needs to be physical I think does stand up when it comes to money/currency. Be it shells, metal disks or some other needed resource (water,food,etc), they have all been in a physical form. Perhaps it's based on a human nature to stack and store his/her death in a physical form. Paper assets (are on the most) a claim cheque on some underlying asset (eg stock, bond, gold backed currency, deed to property, etc) and therefore have been given value over the decades

    The question of an emotion, like love, not having any value is only applicable to one/two individual(s) and doesn't have a 'value' to a wider audience (namely for the subjective reasons). If emotions could be transferred to a wider audience, then there would likely me some type of market (who doesn't want a little extra love?lol)

    The Bitcoin 'dream' of a peer to peer payment platform (decentralised system) IMHO have been hijacked by greedy speculation, ICO criminals, outlandish advertising and blatant theft from exchanges. For the few in cryptocurrencies who really believe in the 'dream', wont get to see it for the above reasons. Getting a $250k SEC fine after making millions becomes a joke. No deterrent will keep the bad behaviour going and less likely achieve a collective wider acceptance
     
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Last couple of days a dead cat bounce?
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

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    Just a constant downwards path until it gets down to the $100 billion MK range. Not sure why there is so much resistance to that idea.
     
    Last edited: Nov 19, 2018
  12. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    .

    Could be becaus $100 billion is just a randomn number? Why not $120 or $85?
     
  13. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Agree. What's the process behind this figure? Or is it just what you'd like it to be?

    That really makes your opinion worth no more than saying BC will be worth one million by such and such date.
     
  14. leo25

    leo25 Well-Known Member Silver Stacker

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    i said $100 billion range. Its impossible to give an 100% figure, that's why i gave a range where it should correct to.
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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    First I've been saying this before the bubble popped. So it's not something i just started saying after it all went to shits.

    The price range is not something i pulled out of thin air. I picked that range for two reasons.

    1. it's the range before crypto's went into an highly irrational bubble FOMO phase, so for me the $100B range showed me a more stable true value.

    2. The $100B range would be a price point where a lot of people would be breaking even or at a loss and most will not be bothered selling and just hold. This will create a strong base and i feel will not drop further. At above $100B range a lot of people will still be up in value and will be happy to sell off and make a profit.
     
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  16. SlyGuy

    SlyGuy Active Member

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    I sure wish I could fork my gold and silver stores the way that BitCoin gets forked. That would be cool.
     
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  17. Ag

    Ag Well-Known Member Silver Stacker

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    "I sure wish I could fork my gold and silver stores the way that BitCoin gets forked. That would be cool."

    Would be cool but not if every other resource drops in symphony or concerns over your split. It's a far more intertwined market then I first realized.
     
  18. leo25

    leo25 Well-Known Member Silver Stacker

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    Good news for people doing gaming or rendering is with massive over supply of GPU's, prices should come down a lot. GPU prices was getting out of control.

    In 2011 the top of the line gaming GPU cost about $600, now it cost $1200.


    tech stocks.jpg
     
  19. dozerz

    dozerz Well-Known Member Silver Stacker

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    capitulation is here
     
  20. Gullintanni

    Gullintanni Well-Known Member

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    Is it really "capitulation" or just a case of reality taking hold?
    Come on now , we are talking about code here are we not?
     

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